Mengis Capital Management Inc. raised its position in Williams Companies, Inc. (The) (NYSE:WMB) by 6.3% during the second quarter, Holdings Channel reports. The institutional investor owned 28,865 shares of the pipeline company’s stock after buying an additional 1,700 shares during the period. Mengis Capital Management Inc.’s holdings in Williams Companies, Inc. (The) were worth $874,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. SeaBridge Investment Advisors LLC acquired a new stake in shares of Williams Companies, Inc. (The) during the first quarter worth approximately $109,000. Massey Quick & Co. LLC acquired a new stake in shares of Williams Companies, Inc. (The) during the first quarter worth approximately $121,000. Parallel Advisors LLC raised its stake in shares of Williams Companies, Inc. (The) by 124.1% in the first quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock worth $143,000 after buying an additional 2,573 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Williams Companies, Inc. (The) by 27.0% in the first quarter. Acrospire Investment Management LLC now owns 4,700 shares of the pipeline company’s stock worth $139,000 after buying an additional 1,000 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Williams Companies, Inc. (The) by 300.7% in the second quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock worth $148,000 after buying an additional 3,672 shares in the last quarter. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies, Inc. (WMB) opened at 30.49 on Wednesday. The firm has a market capitalization of $25.19 billion, a P/E ratio of 2032.67 and a beta of 1.38. The company has a 50 day moving average of $30.52 and a 200 day moving average of $29.61. Williams Companies, Inc. has a 1-year low of $25.02 and a 1-year high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last posted its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. During the same period in the previous year, the firm earned $0.19 EPS. On average, equities research analysts anticipate that Williams Companies, Inc. will post $1.05 earnings per share for the current year.

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A number of brokerages have recently commented on WMB. Royal Bank Of Canada boosted their price objective on shares of Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. BidaskClub lowered shares of Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Barclays PLC raised shares of Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $36.00 in a research report on Tuesday, July 18th. Finally, BMO Capital Markets set a $32.00 target price on shares of Williams Companies, Inc. (The) and gave the stock a “buy” rating in a report on Thursday, June 15th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $34.00.

In other news, insider Robyn L. Ewing sold 81,561 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $31.14, for a total transaction of $2,539,809.54. Following the completion of the transaction, the insider now owns 47,003 shares of the company’s stock, valued at $1,463,673.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ted T. Timmermans sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $30.73, for a total value of $30,730.00. Following the transaction, the vice president now directly owns 13,094 shares of the company’s stock, valued at approximately $402,378.62. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 37,750 shares of company stock valued at $1,076,480 and have sold 92,561 shares valued at $2,876,240. 0.50% of the stock is owned by insiders.

About Williams Companies, Inc. (The)

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.

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Institutional Ownership by Quarter for Williams Companies, Inc. (The) (NYSE:WMB)

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